Short Interest in Sparkline Intangible Value ETF (NYSEARCA:ITAN) Expands By 118.1%

Sparkline Intangible Value ETF (NYSEARCA:ITAN) was the target of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 9,342 shares, an increase of 118.1% from the June 30th total of 4,283 shares. Based on an average trading volume of 8,842 shares, the short-interest ratio is presently 1.1 days. Approximately 0.4% of the shares of the company are short sold.

Sparkline Intangible Value ETF Trading Down 1.1%

Sparkline Intangible Value ETF stock traded down $0.45 during midday trading on Wednesday, reaching $42.31. 9,587 shares of the stock traded hands, compared to its average volume of 10,293. The firm has a fifty day moving average price of $41.84 and a two-hundred day moving average price of $39.22. Sparkline Intangible Value ETF has a fifty-two week low of $31.75 and a fifty-two week high of $43.07. The firm has a market cap of $106.62 million, a price-to-earnings ratio of 16.94 and a beta of 1.08.

About Sparkline Intangible Value ETF

The Sparkline Intangible Value ETF (ITAN) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund comprised of US-listed companies the fund adviser believes to be attractive in terms of intangible assets. ITAN was launched on Jun 29, 2021 and is managed by Sparkline.